AD
AD
AD

Facebook Receives ‘Buy’ Rating from Bank of America, SunTrust, as It’s About to Unveil Its Cryptocurrency    

article image
Cover image via 123rf.com

Facebook’s cryptocurrency framework remains unclear, but these analysts are already bullish on the companys’ stock

Wed, 06/19/2019 - 07:48
Advertisement

Facebook’s cryptocurrency is the hottest topic in the cryptocurrency space as of now with experts voicing polarizing opinions. The company’s crypto ambitions also caught attention of major Wall Street analysts who recently voiced their bullish predictions, CNBC reports.

Facebook’s loud entrance  
Project Libra, the codename of Facebook’s much-hyped cryptocurrency venture, has already on-boarded some big-name backers in the likes of Visa, Paypal, and Uber. It seems like everyone wants to join the party (and for a good reason).

Facebook’s stock has recently received a ‘buy’ rating from major institutions in the likes of Bank of America, Citi and SunTrust. The latter states that Facebook will be appear at the forefront of the cryptocurrency development after launching its new crypto.

While crypto currencies have existed for several years now, no other company could bring the combination of user scale, brand support and balance sheet, which Facebook can in our opinion,” Sun Trust states.

According to Bitcoin bull Anthony Pompliano, Facebook Coin will easily become the most used cryptocurrency given that Facebook, WhatsApp and Instagram each have over 1 bln active users.

Advertisement
Hot stuff
1,249,577 XRP in 24 Hours Push Price to New Frontier
3 weeks 1 day ago
Shiba Inu (SHIB) Price to Add $0 This Test is Failed
3 weeks 2 days ago
Cardano Kicks Off New Round of Stake Pool Delegation
4 years ago
Blow to Ripple as SEC Gets Access to Company's Missing Slack Messages
4 years ago
Anti-Bitcoin Activist Arrested in El Salvador
4 years ago
Advertisement
Name card
Shiba Inu (SHIB): One Last Test at $0.0000138 Waiting
6 days ago
Name card
Cardano (ADA) in Bubble? Indicator's Warning Signs
1 week ago
Name card
Solana (SOL) All-Time High on Line? It's Closer Than You Think
1 week ago